Constellation Brands, Inc. (NYSE:STZ) Given Average Recommendation of “Moderate Buy” by Analysts

Constellation Brands, Inc. (NYSE:STZ) has earned an average rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $290.47.

A number of brokerages recently weighed in on STZ. Jefferies Financial Group lifted their price target on Constellation Brands from $310.00 to $311.00 and gave the stock a “buy” rating in a research note on Friday, July 5th. UBS Group lowered their target price on Constellation Brands from $320.00 to $295.00 and set a “buy” rating on the stock in a research note on Monday, September 9th. Roth Mkm reaffirmed a “buy” rating and set a $298.00 target price on shares of Constellation Brands in a research note on Friday, October 4th. Evercore ISI lowered their target price on Constellation Brands from $310.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $308.00 target price on shares of Constellation Brands in a research note on Friday, October 4th.

Insider Buying and Selling

In related news, Director Robert Sands sold 119,274 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $242.37, for a total value of $28,908,439.38. Following the completion of the sale, the director now directly owns 431,729 shares in the company, valued at approximately $104,638,157.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Robert Sands sold 119,274 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $242.37, for a total value of $28,908,439.38. Following the completion of the sale, the director now directly owns 431,729 shares in the company, valued at approximately $104,638,157.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Garth Hankinson sold 13,583 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $240.00, for a total value of $3,259,920.00. Following the completion of the sale, the chief financial officer now owns 11,702 shares of the company’s stock, valued at approximately $2,808,480. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,367 shares of company stock worth $32,539,170. 12.19% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Hunter Associates Investment Management LLC lifted its holdings in shares of Constellation Brands by 5.6% during the third quarter. Hunter Associates Investment Management LLC now owns 5,075 shares of the company’s stock worth $1,313,000 after buying an additional 270 shares during the last quarter. Asahi Life Asset Management CO. LTD. acquired a new position in shares of Constellation Brands during the third quarter worth approximately $435,000. First American Bank lifted its holdings in shares of Constellation Brands by 1.1% during the third quarter. First American Bank now owns 32,569 shares of the company’s stock worth $8,393,000 after buying an additional 365 shares during the last quarter. Tributary Capital Management LLC lifted its holdings in shares of Constellation Brands by 36.3% during the third quarter. Tributary Capital Management LLC now owns 1,876 shares of the company’s stock worth $483,000 after buying an additional 500 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Constellation Brands by 4.0% during the third quarter. State of Alaska Department of Revenue now owns 18,201 shares of the company’s stock worth $4,690,000 after buying an additional 695 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Trading Down 0.4 %

Shares of STZ opened at $240.54 on Friday. The business’s 50-day moving average price is $246.56 and its 200 day moving average price is $250.95. The stock has a market capitalization of $44.01 billion, a P/E ratio of 17.92, a P/E/G ratio of 1.70 and a beta of 1.75. Constellation Brands has a 1-year low of $227.64 and a 1-year high of $274.87. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, October 3rd. The company reported $4.32 earnings per share for the quarter, topping analysts’ consensus estimates of $4.08 by $0.24. The firm had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.95 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. Constellation Brands’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $3.70 EPS. Analysts expect that Constellation Brands will post 13.57 earnings per share for the current year.

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be issued a $1.01 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $4.04 annualized dividend and a yield of 1.68%. Constellation Brands’s dividend payout ratio (DPR) is currently 30.10%.

About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.